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How DraftKings Keeps Onboarding Security Swift And Out Of Sight

PYMNTS

The market has the potential to expand even further, too, as Puerto Rico is reportedly considering legalization. . Many betting operations are tempting targets for fraudsters and other bad actors, however – especially online operations that do not require face-to-face customer interaction.

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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

PYMNTS

In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Retail Pulse: Stein Mart Plans Amazon Locker Rollout; Dressbarn Stores To Close

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Through the service, Amazon customers will be able to tap into secure delivery at almost 200 of the retailer’s locations. “We The company said that shipping to the lockers at its locations is “easy, secure and available at no additional cost.”. Amazon, too, is still taking a large share of the online apparel market.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Payments gateway for online marketplaces. Online investment manager. Puerto Rican marketplace lender. HQ: Puerto Rico. Tags: Security, fraud, payments, ecommerce, Finovate alum. HQ: Salt Lake City, Utah. Latest round: $8 million. Total raised: $10 million. Source: Crunchbase. Fraud detection. PromisePay.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

During a Senate hearing at the end of July focused on the Secure and Fair Enforcement (SAFE) Banking Act , chairman and Sen. The statements come as legislation looms for debate in the U.S. House of Representatives that would let FIs serve cannabis firms. Mike Crapo (ID) was the only Republican member to attend the event.